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Trump’s budget bill includes a proposal to tax remittances sent from the U.S. overseas, a policy that could reshape the financial lifelines of migrants and their families from rural Mexico to beyond.
U.S. remittances injected $68B into Mexico, empowering families and strengthening economic bonds for mutual benefit.
Western Union halts U.S.-Cuba money transfers, impacting families reliant on remittances due to renewed sanctions.
The COVID-19 pandemic is set to reduce remittances to Venezuela by 14% next year, severely affecting families who rely on these funds as a primary income source.